Post Utme Al Hikmah University 2022 Commerce Question 23
Practice objective / multiple choice question 23 from the 2022 Post Utme Al Hikmah University Commerce examination.
A consumer has a budget constraint of 100 units of currency, and the prices of two goods are 5 units and 10 units respectively. If the consumer's indifference curve is tangent to the budget line at the point where the consumer is consuming 20 units of the first good, what is the consumer's marginal rate of substitution?
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This is Post Utme Al Hikmah University 2022 Commerce Question 23. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Commerce examination.
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